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0330 900 3000 – Who Called? Stop Equivo Limited

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Scott
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Scott Nelson

Managing Director

MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.

Learn more about Scott
· Mar 20th, 2024
Could you legally write off some debt? Answer below to get started.

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This isn’t a full fact find, MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.

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For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.

Received an unexpected call from 03309003000? This is a number used by Equivo Limited – a debt collection company.

Fortunately, you’re in the right place! More than 170,000 people visit our website each month for help with debt and debt collectors.

This article will take you through:

  • Why Equivo Limited phoned you
  • The typical debt collection process
  • If you should ignore these phone calls
  • How to stop Equivo Limited.
Could you legally write off some debt?

There are several debt solutions in the UK, choosing the right one for you could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out.

Answer below to get started.

How much debt do you have?

This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

Reasons why you were called by 0330 900 3000

Equivo Limited use 0330 900 3000. We have a detailed FAQ page about debt collectors, which you can find here.

Generally, Equivo Limited will be phoning you because:

  1. To collect payment – they could be phoning to confirm that you are liable for the debt and to offer you the opportunity to pay it off over the phone.
  2. Information gathering – they might be phoning to get some information about you to work out if the debt is worth chasing. The per-household value of unsecured debt has increased by 25% year-on-year, to an average of £13,941.1 This is often too much for people to pay off and so these unsecured debts aren’t always worth the cost of chasing. 
  3. To intimidate you – debt collectors know that phone calls are scarier than letters. Some companies will opt for phoning to try and get people to pay the debt off more quickly.

Typical Debt Collection Process

As mentioned above, Equivo Limited will contact you to ask you to pay off the debt. They have a strong incentive to get you to pay – debt collectors can buy debt for as little as 10p to the £1!2

We’ve put together this quick table so that you can get an idea of what a fairly typical debt collection process looks like. Keep in mind that this could vary depending on different companies and how much you owe, but this is a rough idea.

Stage Actions What you should do:
Missing one or two small payments Calls and letters from the debt collector asking for payment. They may enquire about reasons for missing payments. Contact the debt collector and offer to pay what you can. If you are struggling to pay the debt, get in touch with us to explore your options.
Missing large or multiple payments Their contact will become more frequent, urgent, and threatening. Contact the debt collection agency and offer to pay what you can. You may also make a complaint if you think the letters are a form of harassment.
Debt collector visit After a few months, if the debt is significant (£200+) you will receive notice of a debt collector visit. They have to notify you before arriving. Debt collectors cannot take anything from your home – they may only ask for payment. If a debt collector shows up at your home, ask them to show proof of the debt and their ID through a window. Do not open your door or let them in. You can arrange a payment plan with the debt collector, but make sure to get a receipt of this.
Court If you still do not pay your debts to the original lender/debt collector agency, they will take you to court and either attempt to:
– File a CCJ against you.
– File an attachment of earnings order.
– File a lawsuit against you.
You must show up to your court date. From here, you can either dispute the debt, or the judge will likely suggest a manageable repayment plan for you.

How a debt solution could help

Some debt solutions can:

  1. Stop nasty calls from creditors
  2. Freeze interest and charges
  3. Reduce your monthly payments

A few debt solutions can even result in writing off some of your debt.

Here’s an example:


Situation

Monthly income £2,504
Monthly expenses £2,345
Total debt £32,049

Monthly debt repayments

Before £587
After £158

£429 reduction in monthly payments

If you want to learn what debt solutions are available to you, click the button below to get started.

Get Started

Should you ignore 0330 900 3000?

We always recommend responding to debt collectors – even if it’s just to question the validity of the debt. Remember, you have the right to request proof of the debt and that it is yours to pay. They have to prove that the debt is yours or you don’t have to pay.

We’ve put together a video to help explain the law and what you can do if you want to ignore debt collectors.

» TAKE ACTION NOW: Fill out the short debt form

How to stop Equivo Limited

We’ve written a comprehensive guide on how to beat to debt collectors when they come a-knocking. 
You can find this free guide here.

Could you legally write off some debt?

Answer below to get started.

How much debt do you have?

This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

References

  1. Indebted Debt Collection Survey ↩︎
  2. StepChange Statistics Yearbook ↩︎
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The authors
Scott Nelson Profile Picture
Author
MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.